Revolve Wealth Partners LLC Buys New Stake in NextEra Energy, Inc. (NYSE:NEE)

Revolve Wealth Partners LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,791 shares of the utilities provider’s stock, valued at approximately $230,000.

A number of other hedge funds have also made changes to their positions in NEE. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in shares of NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 1,211 shares in the last quarter. Cavalry Management Group LLC grew its holdings in shares of NextEra Energy by 15.5% during the second quarter. Cavalry Management Group LLC now owns 4,600 shares of the utilities provider’s stock valued at $341,000 after buying an additional 617 shares in the last quarter. Jackson Wealth Management LLC grew its holdings in shares of NextEra Energy by 3.9% during the third quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock valued at $5,922,000 after buying an additional 3,926 shares in the last quarter. Finally, Asset Dedication LLC grew its stake in NextEra Energy by 12.9% during the 2nd quarter. Asset Dedication LLC now owns 22,882 shares of the utilities provider’s stock valued at $1,696,000 after acquiring an additional 2,614 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

NextEra Energy Trading Up 0.7 %

NEE opened at $61.78 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The company has a market cap of $126.80 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50. The firm has a 50 day simple moving average of $57.65 and a 200 day simple moving average of $58.78. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 57.06%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Wells Fargo & Company upped their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Citigroup assumed coverage on shares of NextEra Energy in a research note on Friday, December 8th. They set a “buy” rating and a $69.00 price target on the stock. Finally, StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $72.46.

View Our Latest Report on NEE

NextEra Energy Profile

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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